Van Cleef Asset Management Inc increased its holdings in shares of BP plc (NYSE:BP) by 26.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,361 shares of the oil and gas exploration company’s stock after purchasing an additional 42,581 shares during the period. BP makes up 2.1% of Van Cleef Asset Management Inc’s portfolio, making the stock its 14th biggest position. Van Cleef Asset Management Inc’s holdings in BP were worth $8,847,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Perkins Coie Trust Co lifted its stake in BP by 66.7% in the 1st quarter. Perkins Coie Trust Co now owns 630 shares of the oil and gas exploration company’s stock valued at $28,000 after acquiring an additional 252 shares in the last quarter. JNBA Financial Advisors bought a new stake in BP in the 4th quarter valued at approximately $29,000. Ellis Investment Partners LLC bought a new stake in BP in the 1st quarter valued at approximately $29,000. Horan Capital Advisors LLC. bought a new stake in BP in the 1st quarter valued at approximately $35,000. Finally, Bray Capital Advisors lifted its stake in BP by 91.7% in the 1st quarter. Bray Capital Advisors now owns 813 shares of the oil and gas exploration company’s stock valued at $36,000 after acquiring an additional 389 shares in the last quarter. Institutional investors and hedge funds own 11.02% of the company’s stock.
Shares of BP stock traded up $295,313,014,958.38 on Friday, reaching $295,313,015,000.00. 4,382,866 shares of the company were exchanged, compared to its average volume of 5,205,131. BP plc has a one year low of $36.28 and a one year high of $47.25. The firm has a market cap of $139.87 billion, a P/E ratio of 77,713,951,315.79, a price-to-earnings-growth ratio of 1.82 and a beta of 0.79. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average is $41.67.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 10th were issued a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 0.00%. The ex-dividend date of this dividend was Thursday, May 9th. BP’s payout ratio is presently 64.21%.
BP has been the topic of several research reports. Deutsche Bank restated a “buy” rating on shares of BP in a research note on Thursday, March 7th. Royal Bank of Canada cut BP from a “top pick” rating to an “outperform” rating and set a $44.65 target price on the stock. in a research note on Tuesday, April 16th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. BP presently has a consensus rating of “Buy” and a consensus price target of $55.41.
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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